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Obama’s energy chief softens stance on coal and nuclear

Obama’s energy chief softens stance on coal and nuclear Steven Chu announces plans to offer loan guarantees for nuclear firms and step-up clean coal researchTom Young, BusinessGreen, 15 Jan 2009 Barack Obama’s new energy chief, Steven Chu, has outlined plans to strengthen support for nuclear and coal power, in a move some observers will interpret as a softening of his stance following criticism of both nuclear and coal energy made when he ran the Lawrence Berkeley National Laboratory………………………………

Chu also promised to increase the dispersal of loan guarantess to firms seeking to build nuclear reactors, but reiterated his view that the government needed to develop a better plan for waste disposal than the Yucca mountain depository in Nevada.

He also said he would work hard to encourage the development of clean coal technologies, referring to coal as a “great national resource”.

Obama’s energy chief softens stance on coal and nuclear – 15 Jan 2009 – BusinessGreen

January 16, 2009 - Posted by Christina Macpherson | Uncategorized